Great Cash Flow, Popular, Limited-Service Hotel
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Hospitality Business For Sale in Confidential, AB (Listing ID: 3352)
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Annual Earnings:
$4,100,000
Liquid Cash Invested:
$
Borrowed Amount:
$
Interest on Borrowed Amount:
%
Tagged Keywords
Great Cash Flow, Popular, Limited-Service Hotel
Visit us at gatewaybusinessbrokers.com
Very well located and well maintained, franchised, limited-service, four storey hotel has 96 guest rooms, a breakfast room, a fitness room, a meeting room, and other related hotel amenities.
It is located in a very busy oil and gas service centre that has seen some significant commitments recently. Penn West Energy Trust recently created a $1.25 billion joint venture with China Investment Corporation to increase development in this area. Shell Canada has also applied for regulatory approval for an 80,000 barrel per-day expansion of their existing operation (Carmon Creek).
The sale is structured as an Asset Sale. By completing the NDA and becoming a qualified buyer, we'll be happy to send you a full Offering Memorandum that will answer most, if not all, of your questions.
Financial Information
Annual Revenue and Net Operating Income:
2023
Revenue: $4,100,000
NOI: $2M
2022
Revenue: $3,280,000
NOI: $1,400,000
2021
Revenue: :$2,770,000
NOI: :$1,265,000
Real Estate
Located on 2.54 acres, the gross building area of the structure is 55,295 Sft and includes 13,994 Sft of main floor area.
Built in 2013
Services are town sewer and water.
$13,500,000 CAD
Confidential, AB Hospitality Business For Sale Details
Independent
Legal Body:
Incorporated
Established In:
2013
Gross Revenue:
To Be Discussed
Annual Earnings:
$ 4,100,000
Land/Building Included:
Yes
% of Business Selling:
100%
Reason for Sale:
Retirement
Financing Available:
Yes
Buyer does not need to have experience owning & operating a business or franchise.
Buyer does not need specific industry experience.
Buyer's networth must be greater than $4,500,000.00
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